StockWatch
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Sponge Iron
Shareholding10 Jul 2026, 06:10 pm

Lloyds Metals Promoter Releases 6 Lakh Shares from Pledge

AI Summary

Crosslink Food and Farms Private Limited, a promoter of Lloyds Metals and Energy Limited, has announced the release of a pledge on 6,00,000 equity shares. The shares were released in favor of Jio Credit Limited on July 3, 2026, as per the terms of the pledge agreements. This action is stated to be in line with prudent financial management while ensuring lender interests are protected. The disclosure was made to the stock exchanges on July 10, 2026, in accordance with SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011.

Key Highlights

  • Promoter Crosslink Food and Farms released 6,00,000 shares.
  • Pledge release was in favor of Jio Credit Limited.
  • Transaction date was July 3, 2026.
  • Disclosure filed on July 10, 2026, under SEBI Takeover Regulations.
  • Action aligns with prudent financial management.